The following table contains hypothetical data for Canada's balance of payments (the statistical discrepancy is assumed to be zero) . All amounts are in billions of dollars
-If a nation's merchandise exports are $55 billion,while its merchandise imports are $50 billion,we can conclude with certainty that this nation is experiencing a:
A) merchandise trade surplus
B) balance-of-payments surplus
C) positive current account balance
D) positive balance of trade
E) positive capital account balance
Correct Answer:
Verified
Q13: The following balance-of-payments data are for
Q14: The following table contains hypothetical data
Q15: Canadian export transactions create a monetary:
A)outflow from
Q16: The following balance-of-payments data are for
Q17: The following balance-of-payments data are for
Q19: The following table contains hypothetical data
Q20: The following table contains hypothetical data
Q21: If the equilibrium exchange rate changes so
Q22: If a nation's current account balance is
Q23: Assume that,under a system of flexible exchange
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